APN News

  • Thursday, March, 2020| Today's Market | Current Time: 05:55:34
  • Atul Arya, Chair – Urban Mobility Panel, IET FoMT Focus  

    1. Shared Mobility Focus : Fleet operators operating Only Electric Fleets should be incentivized with lower rates of capital to ramp up the investment, Should be charged no GST for first year as they are adding new modes of transport and compete with unorganized sector which anyways doesn’t pay GST.
    2. Personal Mobility : Easier Finance at attractive rates ( lower than ICE) for enabling change in buying behaviour as E vehicles are still higher in cost Vs ICE.
    3. Batteries : Batteries should be able to get FAME II subsidy even when they are sold without vehicle.
    4. Battery As A Service : Need to be encouraged and be able to provide at no GST as this is a big enabler for adoption.
    5. Charging Services : Should be exempt from GST as they compete with Fossil Fuel  which is out of GST ambit.
    6. Companies Cars Lease : Many companies have car lease for employees, it should be incentivized by way of lower income tax for companies for the amount they spend on these, lower or No GST for the leasing companies providing these cars. Subsidy to install chargers in office parking lots of these companies.

     

    Dr Jaijit Bhattacharya, Chair – Policy Panel, IET FoMT Focus & CEO & Founder at Zerone Microsystems

    “Both components and finished goods for Electric vehicles and charging infrastructure should be moved to zero GST regime, in order to promote local manufacturing and avoiding duty inversion 2. Fiscal incentives should be provided to all modes of electric transportation such as metros, electric trains, electric vehicles, electric kick scooters etc in order to reduce pollution and help increase the electric transportation  ecosystem 3. Ensure that local discoms do not charge a  premium for electricity provided to charging stations 4. Provide Zero stamp duty regime for land used for setting up charging infrastructure”

     

    Devendranath AM,  Vice Chair – Urban Mobility Panel, IET FoMT Focus; COO, ‎Feedback Business Consulting

    “India being a developing country has to think differently about the Electrification of mobility. This would need some out of box ideas as well – while incentivising new electric vehicles is fine, steps should be taken to encourage retrofitting of existing vehicles with our homegrown technology experts. I am sure this country has many firms who could build a good electric power train for most of Commercial Vehicles. So some form of incentives / encouragement to adapt retrofitted vehicles will go a long way in some money for the nation.”

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